$446M in Altcoins Will Release This Week

This week, over $446 million worth of altcoins will become available in the market, including major tokens like SOL, FTN, and ARB. These releases, scheduled from October 13 to 20, may affect prices, especially for smaller tokens with lower trading volumes, as additional supply enters the market.

Altcoins Releasing Large Supply Between Oct 13–20

Several altcoins are set for large one-time releases:

• FTN is unlocking 4.62% of its total supply, valued at approximately $40.2 million.

• CONX will release $32.9 million (3% of its supply).

• ARB is set to release 92.65 million tokens, worth about $30.7 million (1.7%).

• DRB will release over 618 million tokens, accounting for 17.6% of its supply ($18.3 million).

Other projects, including STRK, SEI, ZK, and APE, are also releasing significant amounts of tokens. While some releases represent a small fraction of total supply, others—like STBL, unlocking over 10% of its supply—could see considerable sell-offs if market demand does not absorb the tokens.

Solana Leads Linear Token Releases

This week, Solana (SOL) will release $97.75 million in tokens, a small portion of its circulating supply (0.09%). Other altcoins releasing gradually include WLD ($37M), TRUMP ($30.4M), and DOGE ($20.3M).

Even gradual releases can influence prices. Traders sometimes buy or sell ahead of these schedules, which can cause short-term price swings, especially in tokens with lower trading volume.

Bitcoin Nears Key Resistance; Altcoins May Benefit

Bitcoin’s price is approaching critical resistance levels this week. Analysts, including Dan Gambardello, note that when Bitcoin stalls near these points, investors often shift funds into altcoins.

Historical patterns support this: after the March 2020 COVID market crash and the recent $19 billion crypto liquidation, Bitcoin initially stabilized while altcoins outperformed in the following weeks. Traders are watching Bitcoin closely, as its movement could signal the start of the next altcoin rally.

Altcoins Enter Low-Risk Accumulation Zone

Multiple risk models indicate that altcoins are currently in a low-risk accumulation phase, making it an opportune time for investors to position themselves ahead of potential rallies. Altcoin risk scores are hovering around 20, far below the overbought levels of 80+ seen at previous market tops.

Ethereum, often the leader for altcoin rallies, shows a risk score of 47. As ETH stabilizes, it could spark the next wave of altcoin growth, following the pattern seen in 2021.

Bitcoin Hyper Presale Raises $23.4M, Layer 2 Project Launches

Bitcoin Hyper (HYPER) has raised $23.4 million during its presale. The project aims to improve Bitcoin’s network by reducing fees, increasing transaction speeds, and enabling smart contract functionality through a Layer 2 solution.

HYPER uses an optimized virtual machine to process transactions efficiently while remaining anchored to Bitcoin’s base layer for security. Early participants can stake HYPER tokens and earn 50% annual rewards, encouraging adoption and supporting network growth.

HYPER Token Details:

• Ticker: HYPER

• Presale Price: $0.0131

• Funds Raised: $23.39 million

• Use Case: Payments, staking, and Layer 2 features

Key Market Points This Week:

1. Altcoin supply impact: Large token releases may temporarily reduce prices for smaller coins.

2. Bitcoin resistance levels: BTC’s performance near key levels could influence altcoin flows.

3. Ethereum stability: ETH may lead the next altcoin rally if it maintains steady price action.

4. Emerging Layer 2 projects: Innovations like HYPER offer potential early opportunities for investors.

This week, Solana, FTN, ARB, and several other altcoins will release millions of tokens, which could briefly lower prices for coins with smaller markets. Bitcoin’s price is near resistance at key technical levels, and how it behaves could determine whether traders move funds into altcoins. Meanwhile, the Bitcoin Hyper (HYPER) presale highlights growing interest in Layer 2 solutions that aim to speed up transactions and reduce fees. Investors paying attention to these events may spot short-term trading opportunities in altcoins and early staking benefits in new Layer 2 networks.

Also Read: Rich Dad Poor Dad’ Author Robert Kiyosaki Predicts Crypto Crash Accurately